Dutch Bros Inc. (NYSE:BROS – Get Rating) shares gapped up before the market opened on Thursday after Barclays raised their price target on the stock from $34.00 to $37.00. The stock had previously closed at $44.01, but opened at $47.20. Barclays currently has an equal weight rating on the stock. Dutch Bros shares last traded at $51.52, with a volume of 66,799 shares changing hands.
Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research note on Wednesday, June 8th. They noted that the move was a valuation call. Robert W. Baird upped their price objective on shares of Dutch Bros from $30.00 to $46.00 in a research note on Thursday. Stifel Nicolaus downgraded shares of Dutch Bros from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $70.00 to $30.00 in a report on Thursday, May 12th. Cowen lowered their target price on shares of Dutch Bros from $65.00 to $35.00 in a report on Thursday, May 12th. Finally, Piper Sandler increased their price target on shares of Dutch Bros from $44.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.10.
Insider Activity at Dutch Bros
In other Dutch Bros news, Director Stephen Gillett acquired 4,725 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was acquired at an average cost of $26.29 per share, for a total transaction of $124,220.25. Following the completion of the transaction, the director now directly owns 4,725 shares of the company’s stock, valued at $124,220.25. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, COO Brian Maxwell sold 48,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $40.12, for a total value of $1,925,760.00. Following the completion of the sale, the chief operating officer now directly owns 1,171,620 shares in the company, valued at $47,005,394.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen Gillett purchased 4,725 shares of the stock in a transaction dated Monday, May 16th. The stock was purchased at an average cost of $26.29 per share, for a total transaction of $124,220.25. Following the completion of the purchase, the director now directly owns 4,725 shares of the company’s stock, valued at $124,220.25. The disclosure for this purchase can be found here. 49.30% of the stock is owned by company insiders.
Institutional Trading of Dutch Bros
Institutional investors have recently made changes to their positions in the company. Glassman Wealth Services acquired a new position in Dutch Bros during the fourth quarter worth $25,000. Lindbrook Capital LLC boosted its stake in Dutch Bros by 831.0% during the second quarter. Lindbrook Capital LLC now owns 931 shares of the company’s stock worth $29,000 after buying an additional 831 shares during the last quarter. Kessler Investment Group LLC acquired a new position in Dutch Bros during the fourth quarter worth $39,000. GPS Wealth Strategies Group LLC acquired a new position in Dutch Bros during the second quarter worth $41,000. Finally, FourThought Financial LLC acquired a new position in Dutch Bros during the first quarter worth $44,000.
Dutch Bros Trading Up 18.2 %
The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.40 and a current ratio of 0.64. The stock has a 50 day simple moving average of $36.98 and a two-hundred day simple moving average of $44.35.
Dutch Bros (NYSE:BROS – Get Rating) last posted its earnings results on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $186.38 million during the quarter, compared to the consensus estimate of $182.56 million. The company’s quarterly revenue was up 44.2% on a year-over-year basis. Equities analysts anticipate that Dutch Bros Inc. will post -0.02 EPS for the current year.
About Dutch Bros
Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of May 11, 2022, it operated 572 drive-thru coffee locations across 12 states in the United States.